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Presidential Fertilizer Initiative Programme has commenced. Eleven blening plants are in now in full operation in different locations across the country. The fertilizer will be sold to farmers at a price of N5,500 per 50KG bag only by State Governments, registered distributors and dealers registered with FEPSAN. Intrested distributors/dealers to participate in the scheme can register with any of the blending plants and at FEPSAN office at No 1. NIDB Building, Muhammadu Buhari way, Kaduna. Whistle blower Nos: 08175777724, 08175077773

The Guardian has learnt. Development Finance involves the supply of funds to various sectors of the economy to promote holistic growth. Besides, as interest rate rises in efforts to curtail the galloping inflation, with aggregate prices for good and services above two-digit rate in the country, the apex bank said it has always considered small businesses in its decision of development financing, which remains steady at single digit charge. CBN Governor, Godwin Emefiele, said development banking programme was scripted as a special intervention in critical economic segments to minimise the effects of high interest rates on customers and support growth in the economy. According to him, the intervention strategy, which started in 1977, with the Agricultural Credit Guarantee Scheme, has since been broadened to power and aviation sectors, with special arrangements for small businesses, under the Micro Small and Medium Enterprises (MSMEs). So far, CBN has disbursed about N393 billion in 490 projects under the Commercial Agriculture Credit Scheme; N23 billion under the Anchor Borrowers Programme; N79.8 billion under the MSME scheme; and N236.4billion under the Power and Aviation Intervention Fund.

Disclosing these at the 2016 Bankers Dinner in Lagos, at the weekend, the bank chief noted that these schemes, when combined, have created over 6.7 million direct jobs and a lot more indirect ones.
These interventions, which has been increased in recent times due to the challenging economic situation in the country, has also been part of efforts to strengthen import substitution policy, to curb the drain on the nation’s foreign exchange reserves. Meanwhile, the President of the Chartered Institute of Bankers of Nigeria (CIBN), Prof SegunAjibola, said that 2016 is awash with mixed feelings both at the global level and the domestic space. “At the beginning of the year, several projections were made and palpable apprehensions filled the air on the not-too-promising global economic outlook. Some of these projections and apprehensions have been confirmed,” he said. The don noted that the country has also had its fair share of social and economic challenges in 2016, with stuttering growth, foreign exchange dilemma, inflation, insecurity, militancy and harsh operating environment affecting activities. “But the regulatory bodies in the banking and finance sector are also rising to the challenges currently facing the country. The Central Bank of Nigeria in a bid to finding optimal solutions to the various economic challenges introduced the flexible exchange rate policy in June, 2016 and came up with other policy pronouncements aimed at returning the country to the path of sustainable growth,” he said. As a way forward, Emefiele has said that the country cannot ignore the agriculture sector, because it remains the largest employer of labour in Nigeria and contributes about 24.2 percent of our GDP. In addition, a good share of the demand for FX today go directly to importing agricultural produce. “So, CBN has both a direct and indirect rationale to ensure that this sector is revived in a significant way. We are gratified that the Anchor Borrowers’ Programme, together with other initiatives like the Commercial Agriculture Credit Scheme and NIRSAL, are proving to be successful in several states. “In Kebbi State, over 78,000 smallholder farmers are now cultivating about 100,000 hectares of rice farms. It is expected that over one million metric tonnes of rice will be produced in that State alone this year,” he said.

Nigeria consumes about 6.1 million tonnes yearly and only produces 2.5 million metric tonnes, but the expected produce will go a long way to make rice available. “The CBN remains committed to do more in the identified crops such as rice, maize, sorghum, tomatoes, cassava, cocoa, cotton, dairy, and groundnut,” he added. But Ajibola added: “As a major stakeholder in the Nigerian project, CIBN constantly engages with players in the banking industry and other allied sectors to support government and regulatory institutions’ efforts aimed at addressing the current lacklustre performance of the economy. “We have restructured the synopsis of our conferences, seminars and workshops to focus squarely on pressing social and economic issues. The communiques that proceed from these knowledge event platforms are widely circulated to concerned agencies both in the public and private sectors,” he said.

http://guardian.ng/business-services/cbns-disbursements-for-development-finance-hits-n732b/

Agriculture

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Reports about Fertilizer

Fertilizer Brands in Nigeria

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Messages to Farmers

  • Obtain quality fertilizers from reputable suppliers especially FEPSAN members
  • Store unused fertilizer away from children, fire, rain and entry of foreign material.
  • Form groups/associations to benefit from group/association dynamics
  • Allow your crops to fully mature to get quality and value
  • Report adulterated fertilizer to the appropriate authority

Upcoming Events

  • 3rd AFAAS Africa-Wide Agricultural Extension Week 2017, Date: 30 October to 3 November 2017. Venue: Durban, KwaZulu Natal, South Africa.  Read more
  • IFDC’s 2-week USA Training & Study Tour, Dates: August 21 – September 1, 2017, Venue: USA (Alabama, Arkansas, Illinois, Missouri, Tennessee and Washington, D.C.)  Read more
  • AGRIKEXPO & NABG Conference 2017, Date: September 25-27, 2017. Venue: International Conference Centre, Abuja, Nigeria,.Read more
  • 31st Annual Argus FMB Europe Fertilizer conference, Date: 18 – 20 October 2017, Venue: W Hotel in Barcelona. Read more.
  • Urban Agri Summit 2017, Date: 7th - 8th September, 2017, Venue: Johannesburg, South Africa. Read more
  • IFDC International Training Program, Date: November 6-10, 2017, Venue: Arusha, Tanzania. Read more
  • 5th Addis Agrofood Agriculture, Agricultural Machineries, Food, Food Technologies and Packaging Exhibition, Date: 08-11 December 2017, Venue: Addis Ababa, Ethiopia. Read more

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Mission

To provide a platform for the stakeholders in the public and private sectors of the fertilizer industry to develop effective public private partnerships in order to ensure timely supply of adequate quantity and quality fertilizers; and to promote professional, moral and ethical practices in the industry.

Vision

Attain improved productivity and environmental sustainability of Nigerian Agriculture through balanced and judicious use of fertilizers....Attain improved productivity and environmental sustainability of Nigerian Agriculture through balanced and judicious use of fertilizer...................................................................................................................................................................................................................................................................................................................................................................................................................................................................

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18 Muhammad Buhari Way, Kaduna, Nigeria.
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2nd Floor Bank of Industry Building 
18 Muhammad Buhari Way, Kaduna, Nigeria. 
Mobile: +234 (803) 3174409...................sssss